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Canadian Investing / Canada (General)


Subject:  Re: Canadian Discount Brokers Date:  3/6/1998  6:07 PM
Author:  KingMob Number:  515 of 64723

<Scotia Bank beats them all. Trades over your computer are listed at$ 22.50 cdn. AND, On my last two trades I was only billed a flat rate of $ 20.00.>

You're only giving half the story here. The $22.50 fee is only for Canadian equities. The following comes from the Scotia Bank Stockline website, pertaining to their commission fees:

"For orders placed through StockLine you receive a 20% discount off the above commissions, with a minimum commission of $22.50 for Canadian and $28.00 for U.S. equity trades."

Now what I need to know is whether or not the $28.00 fee for US equity trades is in Canadian or US funds. If it's in US funds, then Bank of Montreal's InvestorLine would beat it with their $25.00 US fee. If it's in Canadian funds, then it's worth considering to move over there...

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